Advance tax head

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744 Points Posted on 03 August 2023
what is advance tax ledger head

capital or current assets??
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On 03 August 2023 at 15:13 Report
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Quick Summary
This discussion clarifies the correct classification for the advance tax ledger head. Experts confirm that advance tax should be treated as a current asset. Specifically, it falls under the 'Balance with revenue authorities' category within current assets, especially considering new accounting schedules.

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2487 Points Posted on 03 August 2023
Current asset
1 Reply
On 03 August 2023 at 15:32
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Chartered Accountant
24588 Points Posted on 03 August 2023
Current Assets
1 Reply
On 03 August 2023 at 16:15
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Profession
28269 Points Posted on 03 August 2023
Current asset under the new schedule.
1 Reply
On 03 August 2023 at 18:31
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744 Points Posted on 03 August 2023
Thanks all expert
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On 03 August 2023 at 20:36
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CFO- at NHTF
58280 Points Posted on 04 August 2023
"Balance with revenue authorities" under current assets
7 Reply
On 04 August 2023 at 06:26
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Chartered Accountant
24588 Points Posted on 04 August 2023
Your welcome
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On 04 August 2023 at 07:30

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